The AUDUSD price attempts to break – Forecast today – 05-08-2024

aud_newsThe AUDUSD price attempted to break 0.6500$ level but it found solid support there, and continues to move inside the bearish channel that supports the chances of continuing the bearish trend to achieve negative targets that reach 0.6410$ areas.

Therefore, the bearish trend will remain suggested in the upcoming sessions, noting that breaching 0.6570 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 0.6450$ support and 0.6550$ resistance

Trend forecast: Bearish

Origin: Economies

 

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